Publication
COP29: It’s all about the money and paying to survive in this climate-challenged world
The 29th Conference of Parties (COP 29) will be held in Baku, Azerbaijan between 11 and 22 November 2024.
Global | Publication | April 2020
– In particular:
Category A - Employee-related payments (subject to limits)
Category B - Government debts
Category A takes precedence over Category B (and so on) and debts within each category rank equally (and, if assets are insufficient to pay everything, abate equally) among themselves
– Preferential creditors rank ahead of floating charge holders where the assets of the company are insufficient to satisfy all preferential creditors
– Share pari passu, subject to rights attaching to different classes of share in the constitution
– If proceeds are insufficient, they all receive the same percentage of what they would otherwise be entitled to
Publication
The 29th Conference of Parties (COP 29) will be held in Baku, Azerbaijan between 11 and 22 November 2024.
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